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Missouri

5 percent of the bond is the normal rate, as high as 15 percent for high risk. But every bond wrote has a third party indemnify, meaning when I write a bond their family signs a contract to cover any loss we have for recovery fees. So they are responsible for those fees. We credit check all...

It can be very cut throat, Most of the bail agents in my state are getting old and retiring so there's an influx of younger agents getting in it. It's not easy to break into. You have to be sponsored by an existing agent for your first two years then your golden. Most are ass holes that don't...

Guess Geico and progressive are doing that also? We turn down over 70 percent of bonds. Also any large bond must be backed by property. Like I said we run at a 99 percent show up rate. At 90 percent you would break even. We have risk factors that are studied before any bond is wrote. It's not...

Yes it's not really scalable. You can hire sub agents and cover more area but you lose out on premium. The max one person can make is about 150k per year. Like I said I have friends that use sub agents and make a lot more then me, but they are putting in a lot of work. I do have a friend that...

This is true, but for reason different then you think. Large insurance company's are getting involved in it. Some large investment firms are investing in these surety companies and are trying to squash the little guys like us that self insure. My state Missouri is very pro private bond, so it...

Yes it's a service, but it's a highly lucrative return. I know people will say if somebody doesn't show up you'll lose money. But thats not the case, we use information on defendants to decide the risk. We turn down almost 70 percent of bonds. It's no different then car insurance refusing high...

Missouri

You have to have a minuim net worth of 50k for the missouri department of insurance to approve you. You also need an insurance license and a law enforcement background or training. And a existing agent has to sponsor you for 2 years.

Because it's not scalable to that amount, you can only work so much doing it. I spend roughly 25 hours a week doing it. Some guys hire sub agents but they take a 50 percemt cut of the premuim. I live in missouri btw. You can check the department of insurance website everything I do is licensed...

That's right I make roughly 100k on a 100k portfolio every year, for the last 7-8 years. This is how I do it. In my home state you can write bail bonds with an investment portfolio as proof of assets. At the first of every year I send in paperwork to the department of insurance showing the value...